- 1 - HC-KAR NC: 2026:KHC:33093 COP No. 40 of 2015 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 1ST DAY OF JULY, 2026 BEFORE THE HON'BLE MR. JUSTICE SURAJ GOVINDARAJ COMPANY PETITION NO. 40 OF 2015 BETWEEN: PANACEA BIOTECH LIMITED A COMPANY INCORPORATED UNDER THE LAWS OF INDIA, HAVING ITS REGISTERED OFFICE AT AMBALA CHANDIGARH HIGHWAY, LALRU-140501, PUNJAB AND HEAD OFFICE AT B-1, EXTN. G-3, MOHAN CO-OPERATIVE INDUSTRIAL ESTATE, MATHURA ROAD, NEW DELHI-110044 (REPRESENTED BY MR. VINOD GOEL). …PETITIONER (BY SRI. SHREYAS JAYASIMHA.,ADVOCATE) AND: AVESTHAGEN LIMITED A COMPANY INCORPORATED UNDER THE COMPANIES ACT, 1956 AND HAVING ITS REGISTERED OFFICE AT AVESTHAGEN ONE, NO.7/6, BRUNTON ROAD, BANGALORE-560025, INDIA. …RESPONDENT (BY SRI. JAGADEESHGOUD PATIL., FOR PL) THIS COMPANY PETITION IS FILED UNDER U/S 433[E], 434 AND 439 OF THE COMPANIES ACT, 1956, PRAYING THAT THE COMPANY, AVESTHAGEN LIMITED, BE ORDERED TO BE WOUND UP BY AND UNDER THE ORDERS, DIRECTIONS AND SUPERVISION OF Digitally signed by SHWETHA RAGHAVENDRA Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:33093 COP No. 40 of 2015 THIS HON'BLE COURT UNDER THE PROVISIONS OF THE COMPANIES ACT, 1956 AND ETC. THIS COMPANY PETITION, COMING ON FOR ARGUMENTS, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE SURAJ GOVINDARAJ CAV ORDER 1. COP No.40/2015 has been filed seeking for the following reliefs; a. That the Company, Avesthagen Limited, be ordered to be wound up by and under the orders, directions and supervision of this Hon’ble Court under the provisions of the Companies Act, 1956. b. That the Official Liquidator, High Court, Karnataka be appointed Liquidator of the Company with all powers under the Companies Act, 1956; c. For costs of this Petition. d. For such further and other reliefs as this Hon’ble Court may deem fit and proper under the facts and circumstances of the present case in the interest of justice 2. It has been brought to the notice of this Court that the Company has been admitted to insolvency process before the NCLT in CP (IB) No.161/BB/2024 dated 6.2.2026. Hence, registry is directed to transfer the above matter to the NCLT. - 3 - HC-KAR NC: 2026:KHC:33093 COP No. 40 of 2015 3. Hence, COP No.40/2015 stands disposed of for statistical purpose. Sd/- (SURAJ GOVINDARAJ) JUDGE PRS List No.: 2 Sl No.: 2